Berkshire Hills Announces Quarterly Shareholder Dividend

Rhea-AI Summary

Berkshire Hills Bancorp (NYSE: BHLB) announced a quarterly cash dividend of $0.12 per common share. Shareholders of record as of February 10, 2022 will receive this dividend on February 24, 2022. Berkshire Hills Bancorp, headquartered in Boston, has approximately $11.6 billion in assets and operates 106 branches across New England and New York, emphasizing its role as a socially responsible community bank. The announcement reflects the company's commitment to returning value to shareholders.

Positive

• Quarterly cash dividend of $0.12 per share increases shareholder returns.
• Company assets valued at approximately $11.6 billion indicate strong financial health.

Negative

• None.

BOSTON, Jan. 28, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that its Board of Directors has approved a quarterly cash dividend of $0.12 per common share to shareholders of record at the close of business on February 10, 2022, payable on February 24, 2022.

ABOUT BERKSHIRE HILLS BANCORP

Berkshire Hills Bancorp is the parent of Berkshire Bank, which is transforming what it means to bank its neighbors socially, humanly, and digitally to empower the financial potential of people, families, and businesses in its communities as it pursues its vision of being the leading socially responsible omni-channel community bank in the markets it serves. Berkshire Bank provides business and consumer banking, mortgage, wealth management, and investment services. Headquartered in Boston, Berkshire has approximately $11.6 billion in assets and operates 106 branch offices in New England and New York, and is a member of the Bloomberg Gender-Equality Index. To learn more, call 800-773-5601 or follow us on Facebook, Twitter, Instagram, and LinkedIn.

Investor Relations Contacts

Kevin Conn, SVP, Investor Relations & Corporate Development
Email: KAConn@berkshirebank.com
Tel: (617) 641-9206

David Gonci, Capital Markets Director
Email: dgonci@berkshirebank.com
Tel: (413) 281-1973

View original content to download multimedia:https://www.prnewswire.com/news-releases/berkshire-hills-announces-quarterly-shareholder-dividend-301470048.html

SOURCE Berkshire Hills Bancorp, Inc.

FAQ

What is the dividend amount announced by Berkshire Hills Bancorp?

Berkshire Hills Bancorp announced a quarterly cash dividend of $0.12 per common share.

When is the payment date for the dividend?

The dividend is payable on February 24, 2022.

Who qualifies for the dividend from Berkshire Hills Bancorp?

Shareholders of record at the close of business on February 10, 2022, qualify for the dividend.

What is the total value of assets held by Berkshire Hills Bancorp?

Berkshire Hills Bancorp holds approximately $11.6 billion in assets.